yeah youll be fine. php5 isnt much different at all. it adds some new functions, and has better support for objects. thats most of the differences aside from some slight default configuration setting changes.
i think people get hung up more on the differences between the very early 4.x versions and the current 4.x versions that you will get hung up on going from a current 4.x to 5
that and php5 still wont be the norm for quite a while. its been out for a while now but very few hosts have adopted it yet. even though its very backwards compatible, there are some changes that could break code written for older versions of php, and no host in thier right mind wants to deal w/ a ton of customers complaining that thier site is broken or acting funny all of a sudden.